Double entry bookkeeping and MIF: Difference between pages

Revision as of 14:35, 17 May 2019

Multilateral Interchange Fee.

A fee on payment card transactions, based on the value of the transaction.

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-''Accounting''.
+Multilateral Interchange Fee.
-A system of bookkeeping in which every accounting transaction has two sides.
+A fee on payment card transactions, based on the value of the transaction.
-Therefore the balance sheet should always remain in balance.
-The two sides of the recording of every accounting transaction are conventionally known as the Debit entry and the Credit entry.
+== See also ==
+* [[Ad valorem]]
+* [[Credit]]
+* [[Credit card]]
+* [[Debit card]]
+* [[PSR]]
-Or sometimes the Debit and Credit ''legs''.
+===Other links===
-== See also ==
+[https://www.treasurers.org/ACTmedia/ACT_response_PSR_CFI%2015_1_Card_Payment_Systems_0.pdf ACT's response to Payment Systems Regulator about card payment systems, July 2015]
-* [[Balance sheet]]
-* [[Bookkeeping]]
-* [[Credit]]
-* [[Debit]]
-* [[Double entry]]
-* [[Duality principle]]
-* [[Journal]]
-[[Category:Accounting,_tax_and_regulation]]